Kitchens Centre, a New Delhi-based cloud kitchen startup that provides ready-to-move-in, fully equipped, and compliant kitchens along with the essential technology to delivery-only restaurants, announced raising $500,000 seed funding led by AngelList India. Other investors that took part in the funding round include: Utsav Somani (Partner, AngelList India), Jake Zeller (Partner, AngelList), Jonathon Swanson (Co-founder,…
Majesco, a leading cloud and SaaS provider for insurance businesses, announced that it has completed the acquisition of InsPro Technologies Corporation, a U.S. based software leader in the life and annuity insurance market. InsPro Technologies brings an insurance administration and marketing system that supports group and individual business lines, and efficiently processes agent, direct market,…
Palo Alto Networks, the global cybersecurity leader, announced that it has entered into a definitive agreement to acquire CloudGenix, Inc. for $420 million. The acquisition is expected to close during Palo Alto Networks’ fiscal fourth quarter, subject to the satisfaction of regulatory and customary closing conditions. Post acquisition, Palo Alto Networks will integrate CloudGenix’s cloud-managed…
New Delhi-based technology-enabled insurance grievance redressal platform, Insurance Samadhan has recently raised an undisclosed amount of seed funding from incubator and accelerator Venture Catalysts. It is understood that the company will use these funds to develop the technology stack and the product to scale operations. “This fundraiser would help us to develop our technological frame.…
Mumbai-based online beauty retailer Nykaa recently announced that it has raised ₹100Cr from existing investor Steadview Capital. Nykaa had earlier raised ₹100Cr from Singapore-based investment firm TPG Growth at a valuation of $724mn in March 2019. It was also being speculated for quite some time now that Nykaa has been planning for larger funding round…
Thiruvananthapuram-based neo-diagnostics startup Sascan Meditech Pvt. Ltd has recently raised an undisclosed amount of funding from Mumbai-based venture capital firm Unicorn India Ventures. The recent fund infusion by Unicorn India Ventures follows the first closure of its second fund at $12mn. SaScan is an innovative neo-diagnostics startup developing integrated hardware and software solutions for medical…
Mumbai-based early-stage fund Unicorn India Ventures recently announced the first close of its second equity fund at $12 million. The ₹400Cr second equity fund was announced last year and the funds for it have been raised from domestic investors comprising family offices and investors from the first fund. It is targeting to raise the total…
Odd Concepts Inc., a Seoul-based fashion tech company that specializes in computer vision and artificial intelligence technology announced raising $10 million accumulated investments. The company said on March 30 that it has raised USD6M (KRW 6 billion) in Series B funding for its outstanding PXL service and business. The latest funding saw participation from HB…
Unacademy, a Bengaluru- based education technology startup, announced it has acquired Kreatryx, an online preparation platform for various competitive exams including Graduate Aptitude Test in Engineering or GATE in a cash-and-stock deal. Post acquisition, Kreatryx will continue to operate as an individual entity. Kreatryx, a New Delhi-based online platform was founded by Ankit Goyal in…
The Asian Development Bank (ADB) has signed an agreement to lend up to $60 million in Indian rupee equivalent to Aavas Financiers Limited (Aavas), a housing finance company in India, to improve access to housing finance for lowerincome borrowers in the country, particularly women. “It is very difficult for women in India, particularly in low-income…
QTalk, a smartphone dialer designed to make phone calls stress free has now secured $1.6 million in the seed funding round led by the LightSpeed Venture Partners and Accel India to accelerate product and market development. QTalk is the only public product of Quiph Media Private Limited that initiated operations in early 2018. Founded by…
Log management platform Humio, recently announced that it has raised $20mn in Series B funding round. The funding round was led by Dell Technologies Capital, the global venture capital investment arm of Dell Technologies along with existing investor Accel. With the recent investment, the company plans to increase its capabilities to keep pace with demand…
TierPoint, a leading provider of secure, connected data center and cloud solutions at the edge of the internet, announced it has reached an agreement that will result in new, preferred equity investments totaling $320 million, which the company expects to be closed and funded by mid-April. The $320 million of preferred equity is led by…
CoreStack, a Seattle- Chennai based, venture-backed, Enterprise-Cloud Governance Technology Startup with R&D Centre in Chennai, recently announced an $8.5 million in Series A Financing round led by Naya Ventures with participation from strategic investors. With the recent funding, the company plans to add 20 more cloud specialists to its existing workforce of 64 in its…
MeraKisan Private Ltd., a part of the Mahindra Group, and a prominent player in the organic agribusiness market, with a focus on avant-garde organic food supply chains, recently announced its partnership with Ajinkya Rahane, Vice-Captain of the Indian Test Cricket team. Ajinkya who hails from a farming background and is an ardent supporter of farmers…